Citigroup has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people.
Looks like no bonus cap.
Deutsche Bank will seek compensation from former chief executive Rolf Breuer for a costly out-of-court settlement reached earlier this year with the heirs of the Kirch media empire, according to a report in the newspaper Die Welt.
JPMorgan will let Jamie Dimon collect about $37m in stock options created during the financial crisis, as the board stands by its leader after risk-management lapses and billions of dollars in legal settlements.
We always knew in the market that there was a small coterie of bulge bracket firms who paid a load more in comp than the rest of the Street.
HSBC Chairman Douglas Flint is underpaid, the head of the bank’s compensation committee said, as 21% of investors opposed its pay policy.
How do you make big banks safer ? Here's an idea: Pay executives in long-term bonds.
Activist investor David Winters told CNBC on Friday he was "absolutely stunned" when he learned about Coca-Cola's equity compensation plan for executives. He urged the beverage giant to withdraw the plan.
Barclays chairman, David Walker, and chief executive, Antony Jenkins, have told CNBC they are confident they have the support of most major institutional shareholders over the bank's pay proposals, as over one third of investors failed to back the bank's pay policy.
BlackRock the world's largest money manager, paid Chief Executive Officer Laurence Fink $22.9m in compensation last year, up 13.4% from $20.2m the year before.